Description

Budgets. 

You either love them or you hate them. Budgets and budgeting often have a negative connotation. People often think of budgets as too rigid or that they lead to a negative view of money. Other people and families swear by them. 

Credit.com recently surveyed Americans on their budgeting habits. Here's what they discovered: 

27% don't think budgets are necessary

24% don't think they'll stick to a budget

15% feel too restricted by a budget

10% don't know how to start budgeting

10% just don't want to do it

12% are afraid to even look at their bank account

In this episode, we take a closer look at budgeting to determine if budgets actually work. 

Takeaways
In this episode, you'll learn: 

What a budget is

Types of budgets

Benefits and drawbacks of budgeting

When budgeting makes sense

Catch These Must-Listen Moments From The Episode

[04:25] What is the anti-budget? 

[05:45] The difference between a budget and a spending plan

[09:15] Reasons many people graduate from using a budget

[10:31] The importance of tracking your spending